UK Economic Growth Increasingly Reliant on AI; Global Tech Stock Selloff Could Deliver a Shock
58 minute ago / Read about 0 minute
Author:小编   

November 11 – Economists estimate that artificial intelligence accounted for roughly a quarter of the UK's economic growth this year, though the UK also faces the risk of a decline in the valuation of AI-related assets worldwide. AI-related activities, including data center construction and AI model development, contributed 0.45 percentage points to UK economic growth in 2026, while the UK economy's overall growth rate stood at about 1.8%. Economist Ana Andrade said AI technology is providing growth momentum for the UK economy. The report notes that the extent to which the UK is affected by the recent selloff in AI-related stocks depends on whether the market adjustment evolves into a disorderly decline akin to a financial crisis or a more orderly valuation repricing. At present, AI's contribution to economic growth still comes mainly from the production and development of the technology itself, rather than its widespread application across the economy. Andrade said that as AI is more widely adopted, its benefits are expected to show up in productivity gains across multiple industries. The report further substantiates that AI is driving UK economic growth. The Bank of England previously estimated that the promotion and application of AI technology contributed about one-fifth of the UK's economic growth this year.